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40-35 22Nd Street Long Island City, New York 48,000 Sf 40-35 22ND STREET 48,000 SF LONG ISLAND CITY, NEW YORK INDUSTRIAL LEASING OPPORTUNITY Andreas Efthymiou Joshua Kleinberg Stephen Preuss Frank Liggio 718 512 2621 718 512 2612 718 512 2118 718 512 2611 [email protected] [email protected] [email protected] [email protected] EXECUTIVE SUMMARY 40-35 22ND STREET LONG ISLAND CITY, NEW YORK 40-35 22nd Street, a 48,000 RSF Industrial Facility with parking in the heart of Long Island City offers tenants an extremely rare leasing opportunity. While development continues and many of our Industrial buildings are being repositioned, tenants are left with fewer choices in prime neighborhoods and are being forced to relocate. Large and open 16,000 SF floorplates can be leased separately or combined with the unique ability for a tenant to utilize the entire facility. The building is one block to the F subway line and a short distance to Queens Plaza. Its central location and close proximity to the Queens Midtown Tunnel, Long Island Expressway, 59th Street/Ed Koch Queensboro Bridge, and Brooklyn Queens Expressway make it perfect for any business that requires traveling throughout Manhattan, Queens, Brooklyn, the Bronx or Long Island. PROPERTY DESCRIPTION 40-35 22ND STREET LONG ISLAND CITY, NEW YORK PROPERTY DESCRIPTION • 48,000 SF three-story industrial building • 16,000 SF per floor • 3,000 SF of finished office space • Fully air conditioned floors 21ST STREET • 4 interior loading platforms 40TH AVENUE • Fully sprinklered AVENUE 41ST 11 • Fireproof construction • 4-6 car parking Block 409 • 13.5 foot ceilings • 8X8 6000 pound freight elevator • 200 pound floor loads 23RD STREET • M1-3 zoning SUBWAY • Queens Plaza (two blocks) 7 E M N Q R • 21st Street Queensbridge (one block) F AERIAL MAP 40-35 22ND STREET LONG ISLAND CITY, NEW YORK ED KOCH QUEENSBORO BRIDGE MIDTOWN MANHATTAN Silvercup Studios 42-22 22nd Street 40-35 22ND STREET Court Square LONG ISLAND RAILROAD The Factory Building Queens 30-30 47th Avenue Plaza TRANSPORTATION 40-35 22ND STREET LONG ISLAND CITY, NEW YORK 40-35 22nd Street GRAND CENTRAL 17 MIN HUDSON YARDS 19 MIN 30 MIN 36 MIN UNION SQUARE 33 MIN 34 MIN SUBWAY LINES A, C, E B, D, F, M G J, Z L N, Q, R S ¹ 1, 2, 3 4, 5, 6 7 0 0.75 1.5 3 Miles © 2018 CBR E, Inc. T his information has been obtained from sources believed reliable. We have not veried it and make no guaran tee, warranty or representation about it. A ny projections, op inions, a ssumptions or estimates used are for example only a nd do not represent the current or future performance of the property. You a nd your advisors should conduct a ca reful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBR E and the CBR E logo a re service marks of CBRE, Inc. a nd/or its a liated or related companies in the United States a nd other countries. A ll other marks displayed on this document are the property of their respective owners. All Rights Reserved. So urces: CBR E Mapping Services (877 ) 580-4674; St reetPro. Team-G ISData\Projects\NewYork\2018 \347630.AI 1 /26 /201 8 PAGE 11 Wards Island Harlem River Park Astoria Park Mill Rock 6 Q Park Jacqueline KennedyResv'r Onassis Carl Schurz Park 4 5 6 Q Lighthouse ASTORIA Park Q Rainey 6 Park Ecological The John Jay Park Park Lake WOODSIDE Q 7 Blackwell Park Central Park South 6 Miller Riverside Park Park QUEENSNORTH PLAZA 7 40-35 22nd Street Memorial Q F Queens The F Park DamroschPark Bridge Pond Park F SUNNYSIDE Q A C N W R N W R 7 B D LONG CITYISLAND B D 1 4 5 6 7 N Q 7 F W R 7 COURT Park E M E M FACTORY MASPETH De Witt Clinton SQUARE 7 C E 1 South DISTRICT 66 Point B D F M Park N R W PORT AUTHORITY TRANSPORTATION BUS TERMINAL 7 GRAND CENTRAL 40-35 22ND STREET LONG ISLAND CITY, NEW YORK TERMINAL 7 S 7 A C E N Q R W B D F M 7 Hudson River 4 5 6 7 S 7 1 2 3 Bryant Park Newtown Creek MADISON PENN STATION SQUARE GARDEN The Way To Go. MNACY’S Q R 7 W A C E 1 2 3 B D F M HERALD SQUARE FASHION INSTITUTE OF TECHNOLOGY 6 1 R W 6 ChelseaPark GREENPOINT RIDGEWOOD C E 1 F M R W 6 Park Chelsea Waterside GREENPOINT L 1 EAST WILLIAMSBURG Union McCarren Park Elysian Square A C E L 1 2 3 F M L N Q R Park Major renovationsW L 4 5 6 to theL area’s subway stations are ongoing: L L L NEW YORK UNIVERSITY L L L R W 6 L 1 L A C E L Subway Renovations B D F M Repainting of the elevated tracks throughout – a new Queens Long Island PlazaPark River East Rail Road station is slated to be built just a short subway ride from theBUSHWICK • Park TheHudson QueensboroRiver Plaza station is currently being renovated by the NYMTA and is slated toWILLIAMSBURG ultimately become part of BUSHWICK F B D F M 6 • 1 WILLIAMSBURG L R W the LaGuardia Airport Access project, an important addition to New York City’s infrastructure.G M M J J C E F M The Court Square subway 6 station has also been renovated to include new internal transfer infrastructure.M M J Z J J • J Z L B D East River 1 A C E G N R Q W New Long Island Railroad6 Z Station F L Property. The new1 station is part –of $76.4 the LIRR million East renovation Side Access of theproject, Queens which Plaza, will improvedconnect the traffic LIRR circulationto Grand Central and pedestrian/bicycle Terminal. The access G massive infrastructure project is already underway, with manyBROOKLYN of the main tunnels already complete. The new station will further NAVY YARD 1 2 3 A C 4 5 6 J N – A similar beautification of this major commercial and retail corridor that connects Queens Plaza enhance the Property’s outstanding transportationQ B access. Z Tompkins Governor D BEDFORD- R W Park Park 2 3 STUYVESANT Nelson A Rockefeller L J Z DUMBO A C 2 3 Queens PlazaR W Renovation 1 4 5 North Commodore Cove John Barry while beautifying the neighborhood and adding a 1.5-acrePark public park. E 4 5 R W CLINTON 1 DUMBO HILL Esplanade J Z 2 3 Fort DOWNTOWN Greene Brooklyn Park Jackson Avenue BeautificationBridge BROOKLYN Park South Cove FORT 4 5 to Court Square included new landscaped medians,DOWNTOWN sidewalks, andGREENE parks. Additionally, a separate $76 million MTA project created a W Robert F R Brower R BROOKLYN 11 Park STATEN ISLAND Wagner Jr Park Battery FERRY TERMINAL new ventPark plant for the subway lines that run beneath Jackson Avenue. CROWN HEIGHTS BROOKLYN BOERUM HEIGHTS HILL PROSPECT HEIGHTS COBBLE HILL CARROLL GOWANUS GARDENS PARK SLOPE RED HOOK Red Hook RecreationalArea MARKET SUMMARY 40-35 22ND STREET LONG ISLAND CITY, NEW YORK A 2001 New York City re-zoning initiative, allowing for substantial • The Citigroup Building – Also known as One Court Square, this mixed-use development, spurred a development boom in Long Island modern Class A development single-handedly raised the profile of City over the last decade. A growing 24/7 community has been the neighborhood, establishing it as a corporate destination. The 1.4 established, with an estimated 35,000 new residents and 30,000 new million square foot office tower remains occupied by Citigroup and daily office workers added to the neighbor-hood in this time frame. New is the tallest New York City office building outside of Manhattan. development and the conversion of former warehouse and manufacturing buildings have provided high-quality, low cost alternatives to Manhattan • The Citylights Building – If the Citicorp Building was Long Island for businesses and residents. This has created a growing artistic,intellectual City’s catalyst for commercial development, than the Citylights community located just fifteen minutes from Midtown Manhattan. co-op played the same role for the residential market. Built in 1997, this 42-story 552-unit development allowed developers to finally Long Island City today has been described as SoHo in the early days recognize the untapped value of the Long Island City riverfront, with of its own renaissance, a convenient and culturally rich post-industrial its pleasant sea breeze parks and awe-inspiring views. The influence neighborhood with new residential development and reinvented historic of Citylights is reflected in the fact that many of L.I.C.’s current luxury commercial buildings. While these descriptions are accurate, Long Island apartment developments are within a few blocks of this residential City has a character all its own with an unusual serenity stemming from pioneer. its low-rise buildings, easy river access, and sun-drenched streets. Cultural venues, like the MoMA PS1 and Sculpture Center, help define the These initial major developments were followed by a wave of new character of the area and serve as a critical draw to new residents and residential and office developments and the redevelopment of many office tenants seeking an intellectually stimulating environment. As a well-built industrial assets. New office developments which have created natural extension of Midtown Manhattan and Brooklyn, Long Island City a thriving 7.3 million square foot office market in Northern Queens, has largely captured the attention of tenants from the TAMI and creative primarily in Long Island City, include: service industries that are in search of affordable loft style space with convenient access.
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